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Alantra has advised the shareholders of Trioptics on the sale to Jenoptik AG


SECTORIndustrial Automation & Machinery

ServiceM&A

Jul 2020
Sell-side advisory

Frankfurt – Alantra, a global leader in investment banking and asset management, has advised the founding shareholders of Trioptics and capiton (“Shareholders”) on the sale of the Wedel-based Trioptics Group (“Trioptics” or “the Company”) to the publicly listed company Jenoptik AG (“Jenoptik”). The transaction is subject to the approval of the antitrust authorities. The deal was advised by Alantra’s Industrial Automation & Machinery (IAM) team in Frankfurt, which has extensive expertise in the technology and industrial automation sectors, relevant to Trioptics.

Trioptics is a leading and fast-growing international supplier of test equipment and manufacturing systems for optical components and sensors in the digital world, with applications in multiple industries, such as smartphones, VR/AR, MedTech and life science as well as automotive. Since its founding in 1991, the Company has developed proprietary technology for global customers in attractive growth markets. It has a very strong presence in European and Asian markets with subsidiaries in the U.S., China, Japan, Taiwan, Singapore and South Korea. The Company generates more than half of its revenue in Asia. CEO, Eugen Dumitrescu, and CTO, Stefan Krey, will continue to work in their positions for Trioptics under the Jenoptik umbrella.

The stock listed Jenoptik AG is a globally operating technology group, which is active in the three photonics-based divisions: Light & Optics, Light & Production and Light & Safety as well as with VINCORION for mechatronics solutions. Optical technologies are at the core of the Company’s business with most of the Company’s products and services being provided to the photonics market. Jenoptik’s key target markets primarily include the semiconductor equipment industry, the medical technology, automotive and mechanical engineering, traffic, aviation as well as the security and defense technology industries. Jenoptik is listed on the Frankfurt Stock Exchange, has over 4,100 employees, and generated revenue of approximately €855 million in 2019.

Eugen Dumitrescu, founder and CEO of Trioptics, stated: “In Jenoptik we have found a reliable partner and good home for Trioptics with a long-term view and a deep understanding of our markets. On behalf of the shareholder families, I would like to thank the Alantra team for close guidance and excellent support in the last twelve months. For us, as a family-led business it was key to have an advisor on board who combined the understanding of the German Mittelstand with profound know-how of our markets and the wider industrial automation sector.”

Furthermore, Frank Merkel, Managing Partner and Global Head of IAM at Alantra, added: “We are very happy that we have advised the shareholders of Trioptics on this transaction. Since its foundation almost 30 years ago, Trioptics is following an impressive growth trajectory and is setting industry standards in optical measurement technology. We are convinced that Trioptics will continue its successful development into the future as the Company is serving high growth markets (incl. VR/AR, driver assistance systems, medical technology) and has a very complementary product portfolio vis-à-vis Jenoptik’s Light & Optics division.”

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